The Northwestern Region of Lower Michigan was the only part of the service area which showed population growth. While it is mixed among the counties in that region, more grew than declined. On the other end, the Northeastern Region of Lower Michigan had every county show a population loss. All of the other regions showed a mix, but overall a decline in population.
During this period Median Household Income began rising in Michigan at a higher rate. Overall 37 counties saw their median household income on the rise, while 14 declined. However of the 37 that were on the rise, 16 had their percentage of State Median income rise at a higher rate than the State. The Northeastern region of Lower Michigan, had their percentage of median income in relation to Michigan rise in 6 of the 10 counties.
With respect to poverty, most counties 35 saw a decline in their percentage in poverty, and 59%, 30 counties saw a rise in their percentage of population holding bachelors’ degrees.
Finally with respect to jobless rates, only one county is lower than Michigan, and all but two counties, saw a lowering of their jobless rate in February. No real surprises here with seasonality.
On the Northern Initiatives front, Northern Initiatives have concluded agreements to manage loan funds in cooperation with Baldwin Township (Delta County), the Village of Baraga, Escanaba, Gladstone, Iosco County, Iron County, Ironwood, Kingsford, Luce County, Marquette County, Menominee, Ontonagon County, Rogers City, and Spalding Township (Menominee County). These funds have been transferred or will be shortly to our management. We greatly appreciate the trust of these communities to partner with us to grow small businesses in their community.
The source of these dollars is the Community Development Block Grant program.
|
MICHIGAN ▪ UPPER PENINSULA (lending began 1994) |
|||||||||||||||||
| County NameMedian Age 2012 Census Estimate (37.4) | Pop.2013 US Census Estimate316,128,839
(2.4% since 2010) |
Median HH Income 2012 US Census$53,046 | % of State Median HHIncome 2012 US Census | Un-employment Rate Feb, 2014US
6.7% |
Poverty Rate2008-12US Census
14.9% |
Children in Poverty (0-17) 2011 Kids Count Mi Data Book | % Bachelors Degrees; Adults over 252008-2012Census
28.5% |
Women OwnedFirms
2007 Census 28.8% |
|||||||||
| Michigan TotalMedian Age 2012
Census Estimate (38.9) |
9,895,622 Black= increase between 2010 and 2013 (.1%) |
$48,471 91.4% of US Median* 2008-2012 |
RED=<80% Blue =80 to 90% Black = 90 to 100% Green => 100%* |
Feb, 2014 7.7% MI-DLEG Red= higher than the Mich. Jobless Rate |
16.3% Red = higher than the Mich. Poverty Rate* |
24.6% Red = higher than the Michigan Poverty Rate |
25.5% Red =<25.5% * |
30.4% Red =<30.4% _ Data suppressed or sample size too small |
|||||||||
|
Region 1 – Loan Performance 1994 – February 28, 2014: 583 loans totaling $32,602,672 |
|||||||||||||||||
| Alger (48.6) | 9,522 (.8) | $38,348 | 79.1% |
12% |
14.9% |
22.7% |
17% |
– |
|||||||||
| Baraga (43.5) |
8,695 (1.9) |
$39,594 |
81.7% |
14.3% |
14.7% |
24.9% |
11.6% |
– |
|||||||||
| Chippewa (39.8) | 38,696 .5 |
$41,114 |
84.8% |
13.6% |
18.5% |
24.9% |
17.7% |
23.2% |
|||||||||
| Delta (46) |
36,905(.4) |
$42,504 |
87.7% |
10.6% |
15.3% |
21% |
17.9% |
– |
|||||||||
| Dickinson (46) | 26,098 (.03) |
$44,272 |
91.3% |
8.6% |
11% |
18.5% |
18.9% |
– |
|||||||||
| Gogebic (47.6) | 15,916 (3.1) |
$34,397 |
71% |
10.2% |
18.9% |
30.8% |
18.7% |
29.6% |
|||||||||
| Houghton (33.4) | 36,225 (1.1) | $34,453 | 71.1% |
9.1% |
23.7% |
21% |
27.7% |
24.1% |
|||||||||
| Iron (52.7) | 11,516(2.5) |
$35,551 |
73.3% |
11% |
13.7% |
26.6% |
17.7% |
– |
|||||||||
| Keweenaw (53.5) | 2,191 1.6 |
$42,406 |
87.5% |
10.9% |
18.8% |
22.6% |
23.6% |
– |
|||||||||
| Luce (43.8) | 6,502 (1.9) |
$42,414 |
87.5% |
10.9% |
16.9% |
29.9% |
13.8% |
11% |
|||||||||
| Mackinac (50.3) | 11,061 (.5) |
$38,507 |
79.4% |
24.9% |
15.3% |
23.8% |
18.7% |
21% |
|||||||||
| Marquette (39.1) | 67,700 .9 |
$45,349 |
93.6% |
8.4% |
15.4% |
20.6% |
28.4% |
– |
|||||||||
| Menominee (47.2) | 23,791 (1) |
$40,865 |
84.3% |
8.1% |
14.7% |
26.2% |
13.8% |
– |
|||||||||
| Ontonagon (54.8) | 6,322 (6.8) | $33,769 | 69.7% |
13% |
15.5% |
27% |
16.7% |
27.6% |
|||||||||
| Schoolcraft (49.7) | 8,247 (2..8) | $37,468 | 77.3% |
14.8% |
18.3% |
25.2% |
12.3% |
– |
|||||||||
| *left shift lower since last report, right higher, middle same | 309,387 | ||||||||||||||||
|
WISCONSIN |
|||||||||||||||||
| County Name
|
Pop.2012 US Census Estimate5,742,713
(1% since 2010) |
Median HH Income 2012 US Census$52,627 | % of State Median HHIncome | Un-employ-ment Rate Feb, 2014US 6.7% | Poverty Rate2008-12US Census
14.9% |
Children in Poverty (0-17) 2009 Kids Count Wi Data Book18% | % Bachelors Degrees; Adults over 252008-2012Census
28.5% |
Women Owned FirmsUS Census 200725.9% | |||||||||
| Wisconsin TotalMedian Age 2012
Census Estimate (38.9) |
Red= decline between 2010 and 2012 (0%) |
RED=<80% Blue =80 to 90% Black = 90 to 100% Green => 100%* |
Red= higher than the Wisc. Jobless Rate Feb, 2014 6.1% |
Red = higher than the Wisc. Poverty Rate* 12.5 |
18% Red = higher than the Wisconsin Poverty Rate |
26.4% Red =<26.4% * |
30.4% Red =<30.4% _ Data suppressed or sample size too small |
||||||||||
|
Five Wisconsin Border Counties – Loan Performance 2007 – February 28, 2014: 5 loans totaling $512,500 |
|||||||||||||||||
| Florence (50.8) |
4,520 2.2 |
$44,652 | 84.8% |
8.6% |
13.4% |
20.7% |
15.3% |
– |
|||||||||
| Forest (44.7) | 9,126 (1.9) |
$40,215 |
76.4% |
10.8% |
16% |
24.2% |
12.1% |
– |
|||||||||
| Iron (52.3) | 5,886 (.5) | $37,112 | 70.5% | 12.6% |
16.4% |
19.3% |
20.1% |
– |
|||||||||
| Marinette (46.7) |
41,610 (.3) |
$41,553 |
78.9% |
8.3% |
13.1% |
14.7% |
13.9% |
17.5% |
|||||||||
| Vilas (52) |
21,368 (.3) |
$40,743 | 77.4% |
14% |
19.5% |
23.5% |
19.1% |
||||||||||
| 82,510 | |||||||||||||||||
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